Are you looking to tap into the potential of India’s growing economy through equity investments? SBI funds bring you some lucrative investment avenues that should be on your radar in 2024. With its legacy and trust, this fund house has come up with a wide range of equity funds customized for investors to grow wealth over the longer horizon.
Whether you are a seasoned investor or just getting started, let’s explore the top equity funds of SBI in 2024.
Which Are The Best SBI Funds?
Now, have a look at the top five SBI funds we curated for investors with different goals.
1. SBI PSU Fund Direct – Growth
The PSU Fund Direct – Growth is a sectoral equity fund that primarily invests in public sector undertakings. The key sectors it focuses on are financial services, utilities, and energy. Over the years, this fund has performed consistently well, which makes it a compelling choice for those willing to invest in government-owned enterprises.
- AUM: INR 4,601.76 Cr
- NAV: INR 36.2812
- Expense Ratio: 73%
- 1-Year:08%
- 3-Year: 6%
- 5-Year: 87%
2. SBI Contra Direct Plan-Growth
This mutual fund from SBI focuses largely on undervalued stocks that have the potential for significant appreciation. The main sectors where it invests are financial services, basic materials, and consumer cyclical.
- AUM: INR 37,845.70 crore
- NAV: INR 420.5001
- Expense Ratio:59 %
- 1-Year:57%
- 3-Year:10%
- 5-Year:55 %
3. SBI Infrastructure Fund Direct-Growth
As the name suggests, the SBI Infrastructure Fund invests in infrastructure-related companies. The primary sectors where it invests are industrials, basic materials, and energy. Those looking for consistent returns with the growth of infrastructure projects in the country can invest in this fund.
- AUM: INR 4,523.92 crore
- NAV: INR 55.9683
- Expense Ratio:11%
- 1-Year:96%
- 3-Year:07%
- 5-Year:81%
4. SBI Long Term Equity Fund Direct – Growth
Those looking to save tax while enjoying the growth of equity funds can invest in the SBI Long Term Equity Fund Direct – Growth fund. Under Section 80C, investors get the opportunity to save tax while diversifying their portfolio in equities.
- AUM: INR 27,527.20 crore
- NAV: INR 464.2781
- Expense Ratio:95 %
- 1-Year:58%
- 3-Year:1%
- 5-Year:56%
5. SBI Small Cap Fund Direct-Growth
With the SBI Small Cap Fund, investors can benefit from long-term capital appreciation as this fund primarily invests in small cap stocks with significant growth potential. This fund is ideal for investors seeking high returns through exposure to high-growth small-cap equities. If you have a high risk tolerance and a long-term investment horizon, this fund is for you.
- AUM: INR 32,761.20 crore
- NAV:6101
- Expense Ratio:65%
- 1-Year:72%
- 3-Year:22%
- 5-Year:40%
How to Select the SBI Funds?
Investors must carefully evaluate several essential parameters before choosing the right SBI funds for their portfolio.
- Performance is important, so check out how consistently the fund delivered returns over time. Simply check out the historical performance of the top SBI mutual funds.
- Consider the expense ratio of the fund, as it impacts the cost-efficiency and overall returns. With lower fees, the returns are likely to be higher.
- Lastly, evaluate the investment philosophy of the fund manager. It must align with your investment goals, whether it’s creating value, aggressive growth, or a balanced approach.
Conclusion
As a leading AMC, SBI offers you a wide range of investment opportunities. From sector-specific funds to tax-saving opportunities, you can invest in equity to capitalize on the growth potential. With varying strategies and strong performances, these funds cater to different investment goals. Consider your financial objectives and risk tolerance as you build a well-balanced portfolio.
